MSME

MSME

Godrej Capital Nirmaan partners with DBS Bank India, Visa, Amazon to support MSMEs

Opportunity India Desk Dec 01, 2023 - 4 min read

Godrej Capital, the non-banking finance company (NBFC) arm of Godrej Group, has forged collaborations with DBS Bank India, Visa, and Amazon as part of its Nirmaan digital platform initiative, aimed at providing an extensive range of services to micro, small, and medium enterprises (MSMEs). The announcement highlighted Nirmaan's commitment to supporting MSMEs through ...

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Innovative Invoice Discounting Solution Aids MSMEs In Working Capital

Opportunity India Desk Nov 29, 2023 - 3 min read

Red Fort Capital Finance Company, an NBFC specialized in lending to small businesses, has introduced an invoice discounting solution aimed at assisting MSMEs in managing working capital gaps. The financial offering involves businesses selling their unpaid invoices to a third-party financier, like a bank, at a discounted rate, enabling swift access to working ...

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Reliance's INR 20,000 Crore Investment Catalyst For Bengal's Future Growth

Opportunity India Desk Nov 28, 2023 - 2 min read

Reliance Industries will invest an additional INR 20,000 crore in the West Bengal over the next three years, company’s Chairman and Managing Director Mukesh Ambani announced. Also, West Bengal Chief Minister Mamata Banerjee unveiled five new policies, focusing on logistics, internet cable landing station, green hydrogen, new and renewable energy manufacturing promotion, and ...

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NSE to Empower Bengal MSMEs Through IPO Awareness

Opportunity India Desk Nov 28, 2023 - 3 min read

The National Stock Exchange (NSE) has inked a memorandum of understanding (MoU) with the Government of West Bengal to raise awareness among the state's MSMEs about fundraising opportunities through IPOs on the NSE Emerge SME platform. The MoU, formalized during the Bengal Global Business Summit, outlines collaborative efforts between NSE and the state ...

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New RBI Risk Weight Norms May Hamper MSME Credit Flow: NBFCs

Opportunity India Desk Nov 24, 2023 - 3 min read

The Finance Industry Development Council (FIDC), representing non-banking financial companies (NBFCs), has urged the Reserve Bank of India (RBI) to reconsider the substantial hike in risk weights on bank loans to the NBFC sector. The council has also called for a review of risk weights on NBFCs, particularly those primarily engaged in lending ...

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Indian Overseas Bank To Auction INR 457-Crore NPAs From MSMEs, Expects 60 Per Cent Recovery

Opportunity India Desk Nov 23, 2023 - 2 min read

Indian Overseas Bank, a public sector lender, has issued an invitation for bids concerning the sale of 91 non-performing assets (NPAs) belonging to Micro, Small, and Medium Enterprises (MSMEs), totaling INR 457.28 crore. The bidding document titled ‘Transfer of NPA Loan Exposures’, the bank anticipates a minimum recovery of 60 per cent, equivalent ...

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Govt Seals Pact With Amazon For MSME Export Boost, Other E-Commerce Giants In Line

Opportunity India Desk Nov 23, 2023 - 3 min read

In a recent development, Santosh Sarangi, the Director General of Foreign Trade (DGFT), has announced the signing of a memorandum of understanding (MoU) with Amazon to bolster e-commerce exports originating from India. Sarangi revealed ongoing discussions with retail giants Walmart and Flipkart for similar agreements, aimed at propelling e-commerce exports from approximately 100 ...

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Govt Unveils Strategy For Sustainable Tourism Development In North East

Opportunity India Desk Nov 22, 2023 - 3 min read

The North East Region occupies a unique place in terms of natural beauty and development of tourism in the region should take into account its sensitive ecosystem, said V Vidyavathi, Secretary, Ministry of Tourism. “This region offers huge geographical diversity which provides great scope for Adventure Tourism. The Ministry of Tourism ...

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India-Australia Bilateral Talks Advance, Emphasizing MSMEs And Global Integration

Opportunity India Desk Nov 21, 2023 - 3 min read

In the wake of the successful conclusion of a preliminary Free Trade Agreement (FTA) last year, India and Australia are currently engaged in talks aimed at advancing their bilateral relations, with a specific focus on micro, small, and medium enterprises (MSMEs). The seventh round of talks concluded on October 20, with ...

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IIT Madras Launches Information Platform On Incubators, Accelerators

Opportunity India Desk Nov 20, 2023 - 4 min read

The Institute of Eminence Research Centre at IIT Madras, known as the Centre for Research on Startups and Risk Financing (CREST), has developed the country’s first information platform on incubators and accelerators. The platform is developed in partnership with YNOS, an IIT Madras-incubated startup. The information platform will contain comprehensive information on incubators ...

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